Interlay

Interlay is a decentralized network for creating cross-chain, asset-backed stablecoins and synthetics. Interlay’s flagship product is interBTC (iBTC), a 1:1 Bitcoin-backed asset secured by a decentralized custody network, a multi-collateral system, and cross-chain cryptography.

The Interlay network is an L1 secured by Polkadot’s consensus (a Polkadot parachain) and is connecting to Cosmos, Ethereum, Avalanche, Solana, and other major DeFi networks.

INTR is the native utility & governance token, used for:

Stake-to-vote (like Curve). Lock INTR to participate in governance & earn staking rewards. The longer the lock, the higher to voting power & staking rewards. Collateral (like Synthetix). INTR can be used as one of the collaterals to back iBTC and other Interlay assets. Utility (like ETH). Transaction and cross-chain fees can be paid in INTR. Product benefits (like NFTs): INTR will offer stakers additional security and product benefits, e.g. better liquidation and collateral rates.